All crypto coins from the top 20 recorded losses on Wednesday, December 29, 2021, except for UniSwap. US indices were lowered yesterday as investors blocked their recent gains before the end of the year by selling in bulk.
Bitcoin lost a fifth of its value last week, following sales of cryptocurrencies worth $ 1 billion. The context is that of investors who have withdrawn their profits and macroeconomic concerns.
According to the Coingecko cryptocurrency data platform, the market capitalization of the 11,392 currencies it is pursuing has fallen by almost 15% to $ 2.34 trillion. That value briefly surpassed $ 3 trillion last month when bitcoin hit a record $ 69,000.
The collapse follows a volatile week in the financial markets. US equities and benchmark bond yields fell on Friday after data showed that US job growth slowed in November and the Omicron version of the coronavirus made investors even more cautious.
Top criptomonede
Bitcoin fell about 2%, trading below $ 48,000 this morning. Ethereum, Cardano and XRP fell by about 3%. The biggest losses in the top 20 are recorded by Avalanche and Solana. Both fell by about 7% each.
The current Terra price is $ 86.55, with a 24-hour trading volume of $ 2.8 billion. The ninth largest currency after the market cap lost 6% in the last 24 hours, which led some traders to buy the dip.
Best performance
The trend continues outside the top 20. One of the few winners is Fantom, whose price has exploded as TVL on the network has surpassed $ 5.83 billion in the last week. Today, it is up 5%.
- Harvest Finance live price on December 29 was 175.41 USD, with a 24 hour trading volume of 660.5 million USD. Harvest Finance rose just below 11%. Harvest automatically farms the highest yield available from the latest DeFi protocols and optimizes the yield rewards received using the latest farming techniques.
- ROSE is the native token of the Oasis Network, the 80th largest currency after the market cap. After a series of losses, it starts to grow again – 8% today.
- SushiSwap continues to be in a positive trend. It has increased by 9% in the last 24 hours.
Other winners include Zilliqa and Livepeer, up 6% and 4% respectively.
- Aave recorded one of the most dramatic losses, with a decrease of 13%.
Kadena evolution: 10% loss in the last 24 hours.
ICON is rapidly reversing yesterday’s gains. The layer-1 blockchain, which aims to build an interoperable blockchain network between autonomous online communities and real-world businesses, has so far lost 16% today.
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